Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Applied Magnetics Corp -- Ignore unavailable to you. Want to Upgrade?

To: PRO TECH who wrote (11620)	3/25/1998 11:49:00 PM
From: AlienTech	Read Replies (2) \| Respond to of 12298

>>AT re your concern about massive put selling yesterday, was most likely fuds selling their long puts(except oct 12 ). They saw positive reaction to qntm news and decided to close positions.<< I dont belive that for a second. Look at the OI today and all those puts were SOLD. Some were buys but a lot BIGGER sells than buys. I would have done a strangle today since one of them has to win but was awake late into the night analyizing it and didnt get a chance to place a put buy order early enough. Theres just 3 weeks left in the month so something big IS going to happen. Its not IF it will happen. its as certain as most of us old timers whos been around APM for an year or so knows by now, APM will close above 15 in 3 weeks..